Electric Off-Highway Vehicle Market by Battery Type (Lead–Acid Battery, Lithium-Ion Battery), Propulsion (Battery Electric Vehicle, Hybrid Electric Vehicle), Application - Global Forecast 2024-2030

Electric Off-Highway Vehicle Market by Battery Type (Lead–Acid Battery, Lithium-Ion Battery), Propulsion (Battery Electric Vehicle, Hybrid Electric Vehicle), Application - Global Forecast 2024-2030


The Electric Off-Highway Vehicle Market size was estimated at USD 2.28 billion in 2023 and expected to reach USD 2.53 billion in 2024, at a CAGR 13.15% to reach USD 5.42 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electric Off-Highway Vehicle Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electric Off-Highway Vehicle Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Electric Off-Highway Vehicle Market, highlighting leading vendors and their innovative profiles. These include AGCO GmbH, Atlas Copco AB, Caterpillar Inc., Cnh Industrial N.V., Deere & Company, Deutz AG, Doosan Group, Epiroc AB, Hitachi Construction Machinery, Komatsu Ltd., Kubota Corporation, Liebherr-International Deutschland GmbH, Sandvik AB, Stihl Holding AG and Co. Kg, and Terex Corporation.

Market Segmentation & Coverage

This research report categorizes the Electric Off-Highway Vehicle Market to forecast the revenues and analyze trends in each of the following sub-markets:

Battery Type
Lead–Acid Battery

Lithium-Ion Battery
Propulsion
Battery Electric Vehicle

Hybrid Electric Vehicle
Application
Agriculture

Construction

Mining
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas

Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Electric Off-Highway Vehicle Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electric Off-Highway Vehicle Market?
3. What are the technology trends and regulatory frameworks in the Electric Off-Highway Vehicle Market?
4. What is the market share of the leading vendors in the Electric Off-Highway Vehicle Market?
5. Which modes and strategic moves are suitable for entering the Electric Off-Highway Vehicle Market?PDF E-mail From Publisher (2-5)Users License


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Electric Off-Highway Vehicle Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rapidly increasing rate of air pollution and other environmental concerns
5.1.1.2. Aggressive electric vehicle production targets set by the manufacturers
5.1.1.3. Government incentives and schemes existing to support electric vehicle manufacturing and buying
5.1.2. Restraints
5.1.2.1. Requirement of the frequent and long charging period
5.1.3. Opportunities
5.1.3.1. Development of novel ways to introduce fast-charging and better capacity facilities to improve the usage duration of vehicles by battery technologies
5.1.3.2. Technological advancements made to design and manufacture vehicles to improve the efficiency of operation
5.1.4. Challenges
5.1.4.1. Lack of standardization and compatibility of electric off-highway vehicles
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Electric Off-Highway Vehicle Market, by Battery Type
6.1. Introduction
6.2. Lead–Acid Battery
6.3. Lithium-Ion Battery
7. Electric Off-Highway Vehicle Market, by Propulsion
7.1. Introduction
7.2. Battery Electric Vehicle
7.3. Hybrid Electric Vehicle
8. Electric Off-Highway Vehicle Market, by Application
8.1. Introduction
8.2. Agriculture
8.3. Construction
8.4. Mining
9. Americas Electric Off-Highway Vehicle Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Electric Off-Highway Vehicle Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Electric Off-Highway Vehicle Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. AGCO GmbH
13.1.2. Atlas Copco AB
13.1.3. Caterpillar Inc.
13.1.4. Cnh Industrial N.V.
13.1.5. Deere & Company
13.1.6. Deutz AG
13.1.7. Doosan Group
13.1.8. Epiroc AB
13.1.9. Hitachi Construction Machinery
13.1.10. Komatsu Ltd.
13.1.11. Kubota Corporation
13.1.12. Liebherr-International Deutschland GmbH
13.1.13. Sandvik AB
13.1.14. Stihl Holding AG and Co. Kg
13.1.15. Terex Corporation
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. ELECTRIC OFF-HIGHWAY VEHICLE MARKET RESEARCH PROCESS
FIGURE 2. ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, 2023 VS 2030
FIGURE 3. ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. ELECTRIC OFF-HIGHWAY VEHICLE MARKET DYNAMICS
FIGURE 7. ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY BATTERY TYPE, 2023 VS 2030 (%)
FIGURE 8. ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY BATTERY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY PROPULSION, 2023 VS 2030 (%)
FIGURE 10. ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY PROPULSION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA ELECTRIC OFF-HIGHWAY VEHICLE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ELECTRIC OFF-HIGHWAY VEHICLE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. ELECTRIC OFF-HIGHWAY VEHICLE MARKET SHARE, BY KEY PLAYER, 2023

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